It's helpful to work with reverse mortgage licensed specialists in the area because they understand the real estate environment in your state. Please fill out the form on this page to have a reverse mortgage specialist contact you. And of course, if you have any questions about applying for a reverse mortgage in Kentucky, don't hesitate to contact one of our specialists at any time.Many Kentucky residents are considering reverse mortgages to help them pay off their existing mortgage and other debts and enjoy retirement. Before you contact a mortgage expert, you should consider how applying for a reverse mortgage can benefit you.
Kentucky's Price of LivingLike many other states, Kentucky has a steadily increasing cost of living, which makes it tough to pay the monthly bills on a limited income It's even tougher when you're still making mortgage payments. While you're living on a limited budget, consider using the equity you have built up in your home to help make the payments easier. Acquiring access to that equity is easy through a reverse mortgage. Kentucky residents may qualify for either fixed or adjustable reverse mortgages. You pay no interest payments or loan payments for as long as you own and live in your home.* The loan becomes due when you move, sell the property, or pass away. You keep the title of your home, and must continue to pay property taxes, insurance fees, and home maintenance costs. When the loan comes, due you have the option of selling the home or, if you wish to keep the property, refinancing the loan.
Kentucky is Where the Kids LiveIf your family lives in Kentucky and you don't, you may have thought about moving closer to them. We may help you purchase a new home thanks to the reverse mortgage for purchase. Seniors who want to live in Kentucky and qualify for a reverse mortgage for purchase are able to use the loan to buy a home anywhere in the state. Like the other reverse mortgage programs, a reverse mortgage for purchase doesn't come due until the last homeowner sells the home, moves out of the home, or passes away. One restriction to the program is that you can't purchase a vacation home with reverse mortgages. You are only able to purchase a primary home.
Reverse Mortgage Licensed SpecialistsOne Reverse Mortgage works with various reverse mortgage specialists in Kentucky. Please fill out the form on this page to have a reverse mortgage specialist contact you.
*Homeowner must still maintain the property and pay homeowners insurance and property taxes to avoid foreclosure.